Philippinesâ€™ Malampaya Consortium to Extend Fieldâ€™s Life to 2039

2011-08-09 09:47:46

Quote: and Chevron Corp.
will invest $250 million for the second phase of the project,
which involves drilling two additional wells to be completed by
February 2014. Another $750 million will be invested to install
a new platform, Layug told reporters. State-owned The existing five wells in Malampaya were earlier estimated
to produce gas until 2024. Its output powers three plants with a
total capacity of 2,700 megawatts, almost half of the
electricity generated in the main Philippine island of To contact the editor responsible for this story:
Cecilia Yap at...Open whole article (external link)

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